https://www.taxtmi.com/caselaws?id=6183 The Supreme Court reviewed a case concerning the claim of depreciation allowance on assets under the Wealth-tax Act for assessment years 1957-58 and 1958-59. The Court found that the Commissioner's judgment appeared to be influenced by external directives from the Board of Revenue, rather than an independent assessment. Criticizing the lack of unbiased consideration and adherence to natural justice principles, the Court set aside the Commissioner's order. It directed for the revision applications to be reconsidered without external influences, emphasizing the importance of upholding quasi-judicial powers and independent decision-making. The appeals were allowed, and costs were awarded to the company. en-us Mon, 20 Apr 1970 00:00:00 +0530 Wed, 27 Nov 2013 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6183 The Supreme Court reviewed a case concerning the claim of depreciation allowance on assets under the Wealth-tax Act for assessment years 1957-58 and 1958-59. The Court found that the Commissioner's judgment appeared to be influenced by external directives from the Board of Revenue, rather than an independent assessment. Criticizing the lack of unbiased consideration and adherence to natural justice principles, the Court set aside the Commissioner's order. It directed for the revision applications to be reconsidered without external influences, emphasizing the importance of upholding quasi-judicial powers and independent decision-making. The appeals were allowed, and costs were awarded to the company. Case-Laws Wealth-tax Mon, 20 Apr 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6183